THE GRAY CHARTER SCHOOL (EIN 223626543) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

VERNA GRAY

Phone

9738246661

Tax Period

2024-07-01 to 2025-06-30

THE GRAY CHARTER SCHOOL, founded in 1999, is a community nonprofit in the Education sector that reported $7.6M in total revenue in fiscal year 2024.

Mission

THE CHARTER SCHOOLS MISSION IS TO PROVIDE ITS DIVERSE STUDENT BODY THE BEST POSSIBLE EDUCATION BY FOCUSING ON THE FUNDAMENTAL ACADEMIC DISCIPLINES IN AN ATMOSPHERE THAT AFFIRMS ACADEMIC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,411,285

Program Service Revenue $3,393

Investment Income $0

Other Revenue $225,618

TOTAL REVENUE $7,640,296

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,636,049

Fundraising Expenses $0

Program Expenses $5,545,663

Other Expenses $2,278,520

TOTAL EXPENSES $7,914,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,640,296	$7,787,906	0.0%
Expenses	$7,914,569	$7,751,132	+0.0%
Net Income	$-274,273	$36,774	-8.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$310,817

Total Directors

Key Employees

$583,375

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULO DASILVEIRA	BOARD PRESIDENT	1.00	Director	$0	$0	$0
RASHIDAH SABUR	BOARD MEMBER	1.00	Director	$0	$0	$0
JACQUELYN LAKE	BOARD MEMEBER	1.00	Director	$0	$0	$0
CHARLES HALL JR	BOARD MEMBER	1.00	Director	$0	$0	$0
VERNA GRAY	FOUNDER/EXECUTIVE DIRECTOR	35.00	Officer Key Emp Highest	$249,727	$12,370	$262,097
CHRISTOPHER PRINGLE	ASSISTANT DIRECTOR/BOARD SECRETARY	35.00	Key Emp Highest	$260,188	$12,370	$272,558
IAN FALLSTICH	SCHOOL BUSINESS ADMINISTRATOR	10.00	Officer Key Emp	$48,720	$0	$48,720

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$7,640,296	$7,914,569	$3,250,388	$-274,273
2024	$7,787,906	$7,751,132	$3,549,190	$36,774
2023	$8,202,315	$7,707,608	$3,321,290	$494,707
2022	$7,500,612	$6,890,160	$2,755,799	$610,452
2021	$6,735,867	$6,451,741	$2,050,524	$284,126

THE GRAY CHARTER SCHOOL